The prices of goods in the United States are rising at a very fast pace, with extreme inflation in the country. Since the 1970s, the prices of goods have never increased so much that the goods sold in grocery stores have increased by 13.5 percent in the last one year.
The US midterm elections will be held in November, and in such a situation, people are not able to keep pace with the rise in commodity prices with the salary they are getting now.
Why is the price of goods so high now?
Today, the price of one carton egg in the United States is more than three dollars (in Bangladeshi currency which is like 313 rupees). When Joe Biden became president in early 2021, the price of beef and chicken has increased by about 20 percent and the price of a bunch of bananas has increased by more than 10 percent.
‘78-year-old Edda Charbon claims that the price of goods began to rise during the coronavirus pandemic, while people's restaurants have drastically reduced food and demand for grocery stores.
Moreover, the coronavirus pandemic has also disrupted production systems, which have put the additional costs of the companies on the consumers. As their wages had to rise and fuel prices have increased compared to before.
The supply of fertilizers, wheat and other crops was disrupted with the start of the war in the current year, which has disrupted crop production due to bad weather, while the supply of eggs to the bird flu is reduced.
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